Revolve Group, Inc. (NYSE:RVLV) Given Average Recommendation of “Hold” by Analysts

Revolve Group, Inc. (NYSE:RVLV) has been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $20.50.

RVLV has been the topic of several research reports. BTIG Research boosted their price target on shares of Revolve Group from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Robert W. Baird boosted their price target on shares of Revolve Group from $19.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. BMO Capital Markets boosted their price target on shares of Revolve Group from $13.00 to $15.00 and gave the company a “market perform” rating in a research report on Wednesday, May 8th. Stifel Nicolaus boosted their price target on shares of Revolve Group from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Revolve Group in a research report on Friday, May 17th.

Institutional Trading of Revolve Group

A number of hedge funds have recently added to or reduced their stakes in RVLV. Westfield Capital Management Co. LP bought a new position in Revolve Group in the first quarter worth about $33,735,000. Norden Group LLC increased its holdings in shares of Revolve Group by 2,269.6% during the first quarter. Norden Group LLC now owns 367,200 shares of the company’s stock valued at $7,774,000 after acquiring an additional 351,704 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Revolve Group during the third quarter valued at about $3,820,000. Stephens Investment Management Group LLC increased its holdings in shares of Revolve Group by 51.3% during the fourth quarter. Stephens Investment Management Group LLC now owns 678,515 shares of the company’s stock valued at $11,250,000 after acquiring an additional 229,964 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Revolve Group during the third quarter valued at about $2,945,000. 67.60% of the stock is owned by hedge funds and other institutional investors.

Revolve Group Stock Performance

Revolve Group stock opened at $15.91 on Friday. Revolve Group has a fifty-two week low of $12.25 and a fifty-two week high of $23.19. The stock has a market cap of $1.13 billion, a PE ratio of 46.79, a price-to-earnings-growth ratio of 2.09 and a beta of 2.12. The firm’s 50-day simple moving average is $18.96 and its 200 day simple moving average is $18.25.

Revolve Group (NYSE:RVLV) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. The business had revenue of $270.60 million for the quarter, compared to analysts’ expectations of $271.80 million. Revolve Group had a net margin of 2.34% and a return on equity of 6.30%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. As a group, analysts predict that Revolve Group will post 0.47 EPS for the current fiscal year.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.